Islamic-Compliant and Certified
The aurexo Gold Dinar Savings Plan strictly follows Islamic principals and rulings, this has been exclusively certified and confirmed by Minhaj Shari'ah Financial Advisory in Dubai (UAE). Minhaj Advisory is a partner of AAOIFI in Bahrain. Chairman of Minhaj Advisory and scholar of the aurexo Gold Dinar Savings Plan is Sheikh Prof. Abdul Sattar Abu Ghuddah.
According to Islamic Law...
The Islamic Dinar is a specific weight of 22k gold (917.) equivalent to 4.25 grams.
The Islamic Dirham is a specific weight of pure silver equivalent to 2.975 grams.
Umar Ibn al-Khattab established the known standard relationship between them based on their weights: "7 dinars must be equivalent to 10 dirhams."
Our LBMA certified aurexo Gold Dinar Bar is based on this model and it is made of the purest 24K gold (999.).
Sheikh Abu Ghuddah holds degrees from numerous universities of Islamic law, including the University of Damascus and the Al Azhar University in Cairo. He advises renowned institutions such as Al Rayan Bank, the Dow Jones Indices, Dar Al Istithmar, the Ministry of Foundations & Islamic Affairs in Kuwait, and is currently President and Secretary General of the Ethics Committee of the Albaraka Banking Group in Saudi Arabia.
In addition, the management of aurexo is an official and recognized member of AAOIFI and certified as a "Certified Sharia Advisor and Auditor" (CSAA).
Our team also holds the Certified Islamic Finance Executive (CIFE) certification from the internationally recognized ETHICA Institute
Abu Mas'ud Al-Ansaryy reported that the Prophet (peace and blessings of Allah be upon him) said:
When a Muslim spends something on his family intending to receive Allah's reward it is regarded as Sadaqa for him. Sahih Al-Bucharyy, Nr. 5351
Good Delivery certified gold
Our partner Heimerle + Meule GmbH is the oldest gold and silver refinery in Germany (since 1845) certified in accordance with the strict criteria of the Good Delivery Standards of the London Bullion Market Association*.
This means:
- Strict monitoring of supply sources
- Guaranteed fineness and authenticity of gold and silver products
- An absolutely transparent supply chain
- Bearing responsibility on behalf of customers
- Our aurexo Gold Dinar Bars are therefore LBMA-certified.
More information at: http://www.lbma.org.uk
*The London Bullion Market (bullion = coined precious metal) is the most important OTC gold and silver trading venue and one of the most globally significant commodity trading centres in the City of London. The world market price has been determined here since 1897 for silver and 1919 for gold. Trading is coordinated by the London Bullion Market Association (LBMA).
Audit, Controlled Quality and Proven Safety
aurexo uses INAIA GmbH in Germany to undertake both its company and metal audits to ensure security of our client gold holdings. The INAIA management is an official and recognized member of AAOIFI and certified as a "Certified Sharia Advisor and Auditor" (CSAA).
With its quality management system certified according to DIN EN ISO 9001 and its environmental management standard certified to DIN EN ISO 14001, aurexo stands for high quality standard and competence worldwide. Likewise, all products and suppliers of aurexo are certified according to DIN EN ISO 9001 quality management systems. In addition, our suppliers are gold-certified waste disposal companies.